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Side-by-side financial comparison of Phreesia, Inc. (PHR) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $120.3M, roughly 1.2× Phreesia, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs -2.3%, a 5.8% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 9.1%). Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $-7.8M).
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
PHR vs PRPL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $140.7M |
| Net Profit | $4.3M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 3.1% | -1.6% |
| Net Margin | 3.5% | -2.3% |
| Revenue YoY | 12.7% | 9.1% |
| Net Profit YoY | 129.7% | 62.1% |
| EPS (diluted) | $0.07 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $120.3M | $140.7M | ||
| Q3 25 | $117.3M | $118.8M | ||
| Q2 25 | $115.9M | $105.1M | ||
| Q1 25 | — | $104.2M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | — | $118.6M | ||
| Q2 24 | — | $120.3M | ||
| Q1 24 | — | $120.0M |
| Q4 25 | $4.3M | $-3.2M | ||
| Q3 25 | $654.0K | $-11.7M | ||
| Q2 25 | $-3.9M | $-17.3M | ||
| Q1 25 | — | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | — | $-39.2M | ||
| Q2 24 | — | $27.0K | ||
| Q1 24 | — | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 3.1% | -1.6% | ||
| Q3 25 | -1.3% | -10.2% | ||
| Q2 25 | -2.8% | -13.5% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | — | -39.5% | ||
| Q2 24 | — | -12.1% | ||
| Q1 24 | — | -19.3% |
| Q4 25 | 3.5% | -2.3% | ||
| Q3 25 | 0.6% | -9.9% | ||
| Q2 25 | -3.4% | -16.5% | ||
| Q1 25 | — | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | — | -33.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | -41.8% |
| Q4 25 | $0.07 | $0.03 | ||
| Q3 25 | $0.01 | $0.11 | ||
| Q2 25 | $-0.07 | $0.16 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.4M | $24.3M |
| Total DebtLower is stronger | $3.4M | $126.7M |
| Stockholders' EquityBook value | $320.3M | $-29.7M |
| Total Assets | $423.5M | $296.3M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | $24.3M | ||
| Q3 25 | $98.3M | $32.4M | ||
| Q2 25 | $90.9M | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | $3.4M | $126.7M | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $320.3M | $-29.7M | ||
| Q3 25 | $298.0M | $-26.9M | ||
| Q2 25 | $282.2M | $-15.6M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | — | $66.4M | ||
| Q1 24 | — | $65.5M |
| Q4 25 | $423.5M | $296.3M | ||
| Q3 25 | $408.6M | $302.1M | ||
| Q2 25 | $400.4M | $303.8M | ||
| Q1 25 | — | $293.8M | ||
| Q4 24 | — | $307.8M | ||
| Q3 24 | — | $309.3M | ||
| Q2 24 | — | $362.1M | ||
| Q1 24 | — | $382.1M |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $15.5M | $-5.8M |
| Free Cash FlowOCF − Capex | $12.2M | $-7.8M |
| FCF MarginFCF / Revenue | 10.1% | -5.5% |
| Capex IntensityCapex / Revenue | 2.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $-5.8M | ||
| Q3 25 | $14.8M | $-968.0K | ||
| Q2 25 | $14.8M | $-4.0M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | — | $1.1M | ||
| Q2 24 | — | $-8.9M | ||
| Q1 24 | — | $-16.8M |
| Q4 25 | $12.2M | $-7.8M | ||
| Q3 25 | $13.1M | $-1.8M | ||
| Q2 25 | $11.3M | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | 10.1% | -5.5% | ||
| Q3 25 | 11.1% | -1.5% | ||
| Q2 25 | 9.8% | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | 2.7% | 1.4% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 3.0% | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 3.62× | — | ||
| Q3 25 | 22.68× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
